All posts tagged Kyocera

Japan Inc. got a jolt today from the sharp sell-off in the Tokyo markets. The market rout might prove to be a short-term dip, but it’s a reminder that a weaker yen by itself doesn’t fix all ills for Japan’s global players.

Japan’s trade deficit widened in April, despite the yen’s 16% decline in value against the U.S. dollar and other currencies since the advent of Abenomics — Prime Minister Shinzo Abe’s effort to stimulate growth in the long-stagnant Japanese economy. The yen strengthened in Tokyo Thursday, but it appeared to be weakening again as the trading moved to New York.